Collective bargaining: bank workers signed a 4.2% increase for August

Collective bargaining: bank workers signed a 4.2% increase for August

September 16, 2024 – 16:54

The Banking Association announced that the minimum salary for a bank employee will be $1,404,633.01 plus $50,755.64 in profit sharing.

The La Bancaria union led by the national deputy Sergio Palazzo announced a new collective bargaining agreement, closing the month of August with a 4.2%. In total, they achieved an increase of 94.8% so far this year.

Through a communication, the union reported: “We have agreed with the business chambers a salary increase that will be equivalent to the inflation of the month of Auguston the July salaries, for all gross monthly remuneration, normal, usual and total, remunerative and non-remunerative, including conventional and non-conventional additional payments.”

Thus, the minimum salary of a bank employee will be $1,404,633.01 further $50,755.64 as a profit sharing concept.

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The statement from La Bancaria's collective bargaining committee.

The statement from La Bancaria’s collective bargaining committee.

Also, a minimum amount of Banker’s Day of $1,252.181.74 to be corrected for inflation.

This increase represents 4.2% compared to July. which must be paid together with the September salaries.

“Once again, the Banking Association guarantees the application of monthly inflation rates so that bank workers do not lose out against inflation, safeguarding the purchasing power of our constituents.”concluded La Bancaria.

Source: Ambito

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